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Media firms may counter Comcast bid for Disney

A string of the biggest US media groups, including Pixar, the animation studio, and the troubled Time Warner, are examining counter offers for The Walt Disney Company in an effort to spoil Comcast's $62bn (â‚¬48.3bn) hostile bid.

Pixar, whose chairman is Steve Jobs, the founder of Apple, which until last week was involved in a joint venture with Disney, is understood to be looking at forming a consortium of financiers to counter Comcast's bid.

Senior Wall Street sources told The Times Thursday that Time Warner had also called an emergency meeting with its bankers late on Wednesday, just hours after Comcast's audacious bid was made public.